Ips Financial Services Corp. (Belmont)

Name: Ips Financial Services Corp.
Address: 420 Park Street, Belmont, NC, 28012
Telephone: 704-865-2900

Ips Financial Services Corp. is a large advisory firm based in Belmont. It manages $111.9 million of regulatory assets for 250 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, North Carolina, South Carolina, and Virginia.

Ips Financial Services Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ips Financial Services Corp: assets under management

The assets under management (AUM) of Ips Financial Services Corp. is $111.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 158% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $111.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $447.6 thousand each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ips Financial Services Corp. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Ips Financial Services Corp.

Ips Financial Services Corp. is owned by Michael Keith Mcmahan. David Watts Mcmahan has been acting as President since 1 Jan 2003. Michael Eric Fayed joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mary Leslie Lewis	Owner	1 Jan 1984	Other	4280654
Larry Edward Lewis	Owner	1 Jan 1984	Other	4280649
Mary Willcox Lewis	Owner	1 Jan 1984	Other	5124420
Anna Mcmahan Bryant	Owner	1 Jan 1984	Other	5124422
Tina Miller Lewis	Owner	1 Jan 1984	Other	5124425
David Watts Mcmahan	President	1 Jan 2003	Other	3078266
George Edward Lewis	Treasurer	1 Jan 2003	25% - 50%	1583027
Carla Mcginnis Mcmahan	Secretary	1 Jan 2003	50% - 75%	1841585
Michael Keith Mcmahan	Owner	1 Jan 2003	Other	828612
Michael Eric Fayed	Owner	1 Mar 2004	Other	3230462
David Alan Boyer	Owner	1 Mar 2004	Other	4284554
Carla Mcginnis Mcmahan	Chief compliance officer	1 Jan 2005	50% - 75%	1841585
Michael Keith Mcmahan	Chairman	1 Dec 2006	Other	828612
Matthew Adam Chotkowski	Chief compliance officer	1 Dec 2006	Other	5233117
David Watts Mcmahan	Chief operations officer	1 Jan 2009	Other	3078266
Michael Eric Fayed	Chief financial officer	1 Jan 2009	Other	3230462
David Alan Boyer	Chief executive officer	1 Jan 2009	Other	4284554
Llc Capital Guardian Holding	Owner	1 Jan 2009	75% - 100%	94-3459695

Based in Belmont

The principal office where Ips Financial Services Corp. performs its advisory services is located at 420 Park Street, Belmont, NC 28012, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-865-2900 or by fax 704-861-8835. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.mcmahanandassociates.com.